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Get Term Insurance without Medical Test

Term insurance is a necessity in today's life. Life is so uncertain and the rate of inflation is so high that you do not want to risk not protecting your loved ones in case something unfortunate happens to you. Term insurance plans help your family live a stable life and maintain the same standard of life even if you are not around to take care of them.

Term insurance plans come at affordable rates depending on your age and health conditions. They offer no sum on maturity of the policy. You could opt for the money assured to be given as a lump sum amount to the beneficiary in case of death of the policyholder or for a monthly payment of the amount assured. The most important component here is the sum assured. You need to carefully consider multiple factors before deciding on this amount. These factors should typically include your age, occupation, lifestyle, financial assets, liabilities, number of family members, and the rate of inflation over the years.

To avail of a term insurance policy, you will generally have to give a medical test. A medical test gives your insurer a clear idea of your health quotient and your premium will depend on how clean a chit you get from your medical practitioner. If you have a family history of certain diseases or if you are suffering from any ailment at the time of policy issuance, your premium amount will rise. You could additionally opt for multiple riders like critical illness rider, personal accident rider, permanent disability rider, and the like. These riders will take care of the parameters that are not included in your original policy.

While many term insurance providers require a mandatory medical test before issuing your policy, there are many others who will give you a term insurance without medical test. This also depends on your age and the sum assured. Some providers offer term insurance without medical test in India if the maximum sum assured does not exceed INR 1 crore. Such term insurance providers usually take your medical history over a call and issue your policy, especially if you are a healthy person. Considering the amount of cover you need and your age, some providers forgo the test. This can help you save expenses of medical tests.

Online term insurance plans are growing in popularity since the last few years. They are efficient, easy to purchase, and with a few clicks, you have your policy in your email inbox. Convenience is the key factor once you have zeroed in on a term insurance. Considering that there are multiple term insurance policy providers in India, it can be confusing and chaotic to choose the best among them. The most important thing to remember is that term insurance is very subjective. What may work for your friend and his family may not work for you. You have to choose a policy that works for you as per your lifestyle and finances. The biggest advantage is that you can choose a provider who offers term insurance without medical test in India and reap its benefits.

There are multiple aggregator websites, which allow you to compare many different policies online. You can segregate the list based on which of them offer you a term insurance without medical test. Carve out enough time to do your homework and compare policies. It is important to read all the fine print properly before choosing any policy provider, especially if you are going for a provider offering term insurance without medical test.

A term insurance is technically not for you. It is for your loved ones in case something unexpected happens to you. Always keep this in mind before choosing an insurance plan. You cannot predict the future, but you can safeguard your family from financial problems in case you are not around to take care of them.

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